Company: Bravura Solutions Limited

Using the 2022 Annual Report

Each group member should identify one additional inherent risk that was not an actual KAM (each group member must have a different risk). *These risks are taken and can not be chosen: Going concern, PPE, Cash Flow Statement and Fraud*

For the matter, state:

1. Why the risk is significant. Your response should provide a narrative explanation as well as refer to account balances, relevant notes to the account and applicable Accounting Standards; and

2. How the risk could be addressed in the audit. Your response should include reference to relevant preventative and/or detective internal controls, specific audit tests that could be undertaken, the nature of these test (i.e tests of control, analytical review and tests of detail) and applicable Auditing Standards.

Marking Criteria:

Risk and discussion reflects a critical assessment of the entity that goes beyond information provided in the Annual Report

Answer rating: 100% (QA)

Inherent Risk Concentration Risk in Revenue Stream Bravura Solutions Limited 2022 Annual Report This report focuses on Concentration Risk in Revenue Stream as an inherent risk for Bravura Solutions Li... View the full answer